Senior debt is due to be refinance in march 2014.. If GJT was able to refinance during the GFC, then in this current "abenomics" environment. Refinance should be a breeze. In comparison.
Management would want to kick start refinance and recap negotiation toward the end of this year. By which time, NTA should hover around the $5 mark... A discount of 20-30% seems reasonable to entice new investor, anything more is a rip-off, again in this "abenomics" environment. This scenario is a win-win for everyone.
Share price after eurobond dilution and recap should be between $3.50-$4.00
I love abenomics, and that is the reason why iam buying and buying at today's price of $0.65
Time will tell how this play out.. But you have to be in it to WIN.. Or Loose :)
tokyo real estate lures asian bargain hunters, page-9
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